EZU slipped 0.6% past month despite stronger-than-expected Eurozone GDP growth and easing trade uncertainty. Growth in Spain, France and Ireland offset declines in Germany and Italy.
EIRL, which is not a pure-play Irish ETF and prone to plenty of churn, has lagged Eurozone stocks over the past year. Ireland's GDP growth in 2025 could benefit from a weak base effect, but tax repatriation risks and rising inflation are concerns. EIRL's valuations are cheap due to an underwhelming earnings outlook, while the dividend yield is not compelling enough despite stellar distributions last year.
Dan Malone discusses investing in Ireland, the ETF capital of Europe. Big belief in passive investing and index funds.